Price Trend
According to the monitoring data of business associations, as of March 26, the average price of domestic cyclohexanone market was 9,700 yuan/ton, and the domestic market of cyclohexanone continued to decline.
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II. Market Analysis
Products: Domestic cyclohexanone market continued to decline, downstream chemical fiber orders intention is not strong, manufacturers continue to decline in external quotations, solvent market just need to purchase, solid single turnover is weak. The mainstream offer of cyclohexanone in North China market is delivered in cash from 1000 to 10200, the mainstream offer in East China market is delivered in cash from 10200 to 10500, and the mainstream offer in South China market is delivered in cash from 10500 to 10700.
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Industry Chain: Pure Benzene: Eastern China’s pure benzene trade is on the low side, buying 4650-4700 yuan/ton in March, selling 4710-4800 yuan/ton. Purchase price in April is 4650-4700 yuan/ton and sale price is 4720-4800 yuan/ton. May buy 4670-4700 yuan/ton, sell 4800-4850 yuan/ton. Caprolactam: The mainstream of caprolactam liquid spot market is stable. At present, the polymerization capacity is large, and the caprolactam factory is relatively strong. However, due to the recent limited production and price guarantee of the polymerization plant, the supply and demand of caprolactam are relatively balanced, and the northern part of the spot transaction is weak. The spot price of caprolactam liquids is maintained at 13800-14000 yuan/ton and delivered by acceptance. On the solid side, downstream delivery is cautious, with the price ranging from 1450 to 14600 yuan/ton, which is remitted to us now.
3. Future Market Forecast
Pure benzene market is relatively stable, cost support is still acceptable; downstream chemical fiber market in Nanjing Oriental recently planned maintenance, the demand for cyclohexanone or slightly reduced. Cyclohexanone analysts, business associations, predict that the domestic market for cyclohexanone will continue to fall in the short term.
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